Slides
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HY 2026 Results September 2026
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2 Disclaimer These materials contain forward-looking statements based on the currently held beliefs and assumptions of the management of Peach Property Group AG (hereinafter also referred to as «PPG» or «Peach Property»), which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Peach Property Group AG, or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements. Peach Property Group AG disclaims any obligation to update these forward-looking statements to reflect future events or developments.
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3 Gerald Klinck Chief Executive Officer • CEO of the Peach Property Group since April 2024 • In addition to his role as CEO at Peach Property Group, he holds the responsibilities of the CFO • He has more than 25 years of experience in the real estate industry Gerald Klinck Chief Executive Officer • CEO of the Peach Property Group since April 2024 • In addition to his role as CEO at Peach Property Group, he holds the responsibilities of the CFO • He has more than 25 years of experience in the real estate industry T oday‘s Presenter
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Agenda 4 1. Value Creation and Performance Drivers 2. Overview of Peach Performance in HY 2026 • Peach at a Glance • Operational • Financial Performance • Update on ESG • Overview of Financial Statement • Appendix
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5 Progress Update HY 2026 T urningour strategy into measurable progress – we are on track 100 % 100 % 100 % 100 % 48 % 100 % 91 % 62 % 73 % 52 % 9 % 38 % 27 % Disposal of Peninsula and swiss rental units Repayment of Convertible Bond Agreement with Minority Shareholder Swiss Functions moved to Cologne and Berlin Disposal of further non strategics to reach 100 % disposal by end of 2027 No maturities in the next 21 months Closing of asset deal notarized in December 2025 Vacancy reduction below 3 % Top-Line growth on strategic portfolio (actual rent increase annualized) achieved ongoing Milestones HY 2026
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•Net cold rent in strategic portfolio up 3.2 % to EUR 6.68/m² ; ~13 % upside to market rent •Like-for-like rental income on strategic portfolio up 5.1 % (HY 2025 to HY 2026 as of effective dates) •Vacancy in strategic portfolio reduced to 3.3 % from 6.3 % •NOI margin on strategic portfolio improved to 75 % •Non-strategic Portfolio reduced to ~3 000 units / FMV EUR 185m •Peninsula (CH-development project) disposal largely completed •Adjusted EBITDA up 25 % to ~EUR 30m •H1 FFO stable at ~EUR 9m •FY2026 FFO guidance of EUR 17–19m confirmed •Further profitability improvement expected from higher rents and lower vacancy •LTV reduced to ~45 % from 49.2 % •Target: sustainably below 45 % LTV •Next major debt maturity:~EUR 60m in March 2028 •Portfolio valuation confirmed and increased by ~1 % •Achieve ~6 % like-for-like rental growth on strategic portfolio by year-end •Reduce vacancy in strategic portfolio to ~2.8 % by year-end •Further deleveraging and capital structure simplification •Complete remaining portfolio disposals •Strategic options review provides an opportunity to shape the future direction Highlights HY 2026 HY 2026 6 Portfolio and Operations Capital markets and valuation Financials Key challenges
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Target Vision • 16 000 units focused in NRW • Net cold rent of more than EUR 7 per sqm / month • Net cold rent growth between 3.5 % - 4.0 % p.a. • Vacancy below 3 % • LTV below 45 % • Debt to EBITDA Multiple of 12x • All-in interest rates on market level • NOI margin of 80 % • EBITDA margin of 65 % • FFO around EUR 30 - 32m 2028 2028 Focus on operational improvement and sale of non-strategic assets to focus on strategic portfolio, release net cash for capex and for deleveraging the company 7
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8 Interest Change effect of EUR -2m to -1m (2026-2028) Starting end of 2027 Synergies from refinancing the remaining c. EUR 350m Castlelake facility are largely offset by dissynergies from refinancing c. EUR 115m of maturing low-cost facilities. This results in overall interest expense remaining broadly flat versus current levels. Operating Cost effect of EUR 6m to 7m (2026-2028) HY 2026 1.1 % Reduction of the collection risk from 4.4 % to 2.5 % through centralization and professionalization of the processes Reduction of R&M by annualized EUR 3.2m and cost due to vacancy by annualized EUR 2.2m Reduction of additional EUR 5m (~24 %) by lower cost due to less vacant units, less repair and maintenance due to Capex expenses and efficiency gains on remaining operative expenses Platform Cost effect of EUR 9m to 10m (2026-2028) achieved Swiss corporate functions mainly moved to Cologne ongoing Cost savings due to departure of executives in the first and second management levels in 2025 achieved Lower fees due to completed refinancing measurements achieved Additional income from service-agreements in line with the portfolio sale of almost 2 000 units ongoing Efficiency gains in IT, accounting, tax systems ongoing Further general adminstrative cost savings EBITDA potential realization based on HY 2026 First steps towards achieving FY28 targets on strategic portfolio already delivered Top-Line Growth of EUR 11m to 12m (2026-2028) 5.1 % lfl (strategic) 1 HY 2025 to HY 2026 6 % rent growth achievable by 2 % vacancy reduction and 4 % ordinary rent growth through consistent ongoing rent increases and reaching market rents upon turnover fluctuation (1) HY 2025 to HY 2026 as of effective dates .
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EBITDA and FFO Performance of the strategic portfolio until 2028 HY Result confirms Guidance 2028 9 in €m 8.9 Adj. EBITDA 29.9 NOI 39.5 HY 2026 Total Actual Rent 53.7 Interest 19.8 Platform cost 9.6 Vacancy 4.8 Target Rent 58.5 Operating Cost 14.3 Tax 1.2 FFO FFO Actual Rent 42.3 6.3 Adj. EBITDA 22.5 NOI 32.0 Interest 15.0 Platform cost 9.6 Vacancy 2.9 Target Rent 45.2 Operating Cost 10.3 Tax 1.2 HY 2026 strategic • Focus on disposal of non-strategics until 2027 • KPIs in line with peers • Net cold rent of around EUR 7 per sqm / month and vacancy below 3 % • NOI margin of 80 % followed by 65 % EBITDA margin • Upside potential in strategic portfolio overcompensates losses from disposals Achievements in 2028 FFO 2028 Interest Change effect Adj. EBITDA 2028 Operating Cost effect Platform savings cost effect Top-Line Growth Interest Tax Change effect Adj. EBITDA HY 2026 strategic 46 6 3 6 2 32 61 -31 14.2 Adj. EBITDA 46.3 NOI 65.5 Actual Rent 86.0 Interest 31.1 Platform cost 19.2 Vacancy 5.7 Target Rent 91.7 Operating Cost 20.5 Tax 1.0 Forecast 2026 strategic FFO 0
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(1) Total debt and WACD excluding the unsecured bridge loan (EUR 40m) and the hybrid bond. 1022 -6 854 -58 -54 -50 31.12.2025 Amortization Secured Disposals Convertible Repayment Financing Switzerland 30.06.2026 - 100 200 300 400 500 600 700 800 900 1.000 1.100 701 124 30 703 187 54 79 Further deleveraging ongoing, supported by asset disposals RemainingEUR 124m of secured loans on non-strategics will be repaid by 2028 10 Changes in debt profile in €m in €m 1 022 Total debt per 31.12.2025 Repayments 6Amortization Secured 58 Disposals 54 Convertible Repayment 50 Financing Switzerland 854 Total debt per 30.06.2026 1 4.15 % New WACD 1 Only EUR 155m secured loans not refinanced at market level yet, thereof EUR 40m non-strategics 3.89 % 4.15 % Secured loans Unsecured loans Loans on development project weighted average cost of debt Secured loans non-strategic 1 022 854
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Debt structure as of June 2026 Stable debt profile with a derisked maturity structure Fixed rate Ø interest rate Amount €m 90 % *4.15 % 854 100 % Secured *incl. hedges (1) based on nominal amounts per reporting date. (2 ) Multiple based on YE 2024 numbers plus debt of portfolio transaction. ICR WACD Unencumbered assets: € 75m As of June 30, 2026 1.55x 1.62x 1.54x 1.66x 1.44x 2022 2023 2024 2025 HY 2026 2.71 % 2.86 % 2.93 % 3.89 % 4.15 % 2022 2023 2024 2025 HY 2026 Loan-to-value (net) 54.7 % 57.5 % 50.0 % 49.2 % 45.2 % 2022 2023 2024 2025 HY 2026 Debt / EBITDA Multiple 2 24.8x 21.5x 20.7x 20.2x 15.5x 2022 2023 2024 2025 HY 2026 Maturity profile 1 11 € 388m financing includes an extension option 0 0 374 36 83 34 164 10 0 0 75 4 24 2 18 30 0 0 449 40 108 37 182 39 - 50 100 150 200 250 300 350 400 450 500 2026 2027 2028 2029 2030 2031 2032 > 2033 €m secured strategic secured non-strategic
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2025 HY 2026 strategic annualized² 2028² DEBT EOP EBITDA 46 61 12 (1) 2025 based on total portfolio. (2) 2026-2028 based on strategic portfolio. 20x 15.5x 12x 51 720 701 1 1 022 8.6 % p.a. Debt to EBITDA Multiple on an outperformed level to peers in 2028 Lower leverage provides a solid foundation towards financial resilience DEBT/EBITDA multiple • 3x from EBITDA growth results into attractive leverage for future funding • 2x from swiss debt • 3x from non-strategic assets delever the company significantly in €m
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13 Guidance 2026 & mid-term financial targets HY26 performance confirms we are on track to deliver FY26 guidance Guidance FY 2026 Actuals HY 2026 FFO € 17m-19m FFO € 9m Group L-f-l rental growth ~ 6 % L-f-l rental growth ~ 5.1 % 1 HY 2025 to HY 2026 Strategic Vacancy on rent ~ 3.5 % Vacancy on rent ~ 4.3 % Midterm targets (2028) FFO growth in detail in appendix FFO € 30m-32m Group (Strategic) Sustainable growth target in the long run L-f-l rental growth ~ 4 % Sustainable vacancy level in our market environment Vacancy on rent <3 % Achievable by reducing bad debt and operational costs NOI-Margin 80 % Target rent of EUR 98m and target EBITDA of EUR 61m EBITDA-Margin 60-65 % Target EBITDA of EUR 61m and target debt of EUR 720m EBITDA Debt Multiple 12-13x Further deleveraging through value adding investments LTV <45 % 45 % of non-strategics sold in 18 months, 55 % to be sold in three years 100 % sold Non-strategic (1) HY 2025 to HY 2026 as of effective dates .
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Agenda 14 1. Value Creation and Performance Drivers 2. Overview of Peach Performance in HY 2026 • Peach at a Glance • Operational • Financial Performance • Update on ESG • Overview of Financial Statement • Appendix
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15 May 2026 Repayment of Convertible Bond at maturity 15 Milestones HY 2026 Consistently delivering on our commitments 19 June 2026 AGM Positive voting on conditional capital and all other proposals May March September August 2026 ~ € 62m secured loan (German Bank) ~ € 22m free liquidity September 2026 CHF 10m Tender offer Buyback Hybrid Results of CHF 4.7m Nominal 23 September 2026 Publication HY Results May to June 2026 Closing of asset deal ~ 2 054 units 18 March 2026 Tender Offer for Convertible Bond CHF 15m successfully completed 22 April 2026 Publication FY25 Results
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© GeoNames, Microsoft, TomTom Unterstützt von Bing Change Dec 31, 2025 Jun 30, 2026 -4 pp 49.2 % 45.2 % LTV -59.1 % / -4.7x € 50.6m / 20.2x € 29.9m / 15.5x Adj. EBITDA / Debt multiple 0.22x 1.66x 1.44x ICR -2.1 % € 18.50 € 18.11 EPRA NTA per share -3.3 % € 19.37 € 18.73 EPRA NRV per share Change Dec 31, 2025 Jun 30, 2026 -6.4 % € 1 934m € 1 810m Portfolio value 2 -1.6x / -0.9x 18.4x / 16.4x 16.8x / 15.5x Rent Multiple (actual/target) -11.8 % € 968m € 854m Secured Debt -25.9 % € 54m € 0m 4Unsecured Debt 0.3 pp 3.9 % 4.2 % WACD Financials 16 Peach at a glance Affordable German residential properties in selected B-cities Total Non-strategic Strategic Total Jun 30, 2025 Jun 30, 2026 Jun 30, 2026 Jun 30, 2026 € 53.3m € 12m € 42m € 54m Actual Rent³ € 6.58 € 7.04 € 6.68 € 6.74 Actual Rent per sqm € 7.36 € 7.57 € 7.80 € 7.76 Market Rent per sqm 1 6.5 % 12.5 % 3.3 % 5.0 % Vacancy (based on residential units) 1 432k 198k 1 043k 1 241k Residential floor space in sqm Portfolio Peach Property Group owns ~20 000 residential units across 9 federal states in Germany 10 Peach Points in core locations KPIs (1) Excluding publicly subsidized residential units and small-scale rentals. (2) Market values of inve stments properties determined by CBRE AG, excluding right-of-use assets. (3) Debt for 2024 adjusted by net sales proceeds and sold financial liabilities of portfolio sale to match EBITDA contr ibution of the whole year. (3) Rental income after vacancies and lost income due to collection risks. (4) Excluding the EUR 40m bridge facility loan, funds for repayment on blocked account.
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© GeoNames, Microsoft, TomTom Unterstützt von Bing 17 Development of Peach Portfolio Successful disposals sharpened the portfolio and strengthened our strategic focus Strategic 30.06.2026 31.12.2025 Metric 80 % 74 % Portfolio Share 16 220 16 480 Units 38 38 Locations 6.68 €/sqm 6.61 €/sqm In-place rent 2 3.3 % 3.7 % Vacancy (units) (1) as of Dec 31, 2025 - post portfolio sale and further unit sales closed 31.12.2025; (2) Excluding publicly subsidized residential units and small-scale rentals; average rent is weighted with residential floor space; (3) Based on market values as of Dec 31, 2025 and Jun 30, 2026. (4) Reclassification of strategic to non-strategic, therefore FY25 numb er higher than portfolio deals and HY24. Composition 3 83,6 % 4,7 % 4,1 % 7,6 % North Rhine-Westphalia Lower Saxony Hesse Other locations 30.06.2026: 31.12.2025: 78,4 % 14,0 % 7,6 % Focus of the strategic portfolio remains on „core“ locations in North Rhine-Westphalia Sold 2024 and 2025 Sold 2026 Partly sold 2025 Non-strategic • Division of non-strategics into five regions • Sales organized by Peach or professional brokers Reduced dependence on disposals In order to bridge the sales proceeds of the non-strategic assets we have signed a loan facility with the amount of EUR 40 million. HY 2026 After other Sales FY25 4 Transaction 2025 Metric 20 % 56 % 26 % Share non- strategics 3 696 3 702 1 705 Units 51 56 20 Locations 7.04 €/sqm 5.32 €/sqm 6.58 €/sqm In-place rent (1) 7.57 €/sqm 7.44 €/sqm 6.86 €/sqm Market rent (2) 12.5 % 15.5 % 6.1 % Vacancy units
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Agenda 18 1. Value Creation and Performance Drivers 2. Overview of Peach Performance in HY 2026 • Peach at a Glance • Operational • Financial Performance • Update on ESG • Overview of Financial Statement • Appendix
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19 EBITDA bridge HY 2025 to HY 2026 Positive impact from rent increases is undermined by one-off-effects • Less target rent due to ongoing disposal of non-strategics • Improvement in all operational categories, especiallyin expenses from letting due to decreased vacancy • Less personell expenses due to restructuring Comments Adjusted EBITDA margin In €m 54.7 % 50.1 % 48.1 % 56,1 % 53.3 % 49.1 % 46.8 % 55,6 % 47.9 % 43.8 % 42.7 % 51,0 % 2023 2024 2025 HY 2026 Margin on actual rent after collections risks Margin on actual rent Margin on target rent 23,8 -0,3 0,7 1,2 3,3 1,1 0,1 29,9 1.6 Rental Income
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Rental income Development of actual rent in €m Development of Rental Income Consistent rent growth supports the improvement of our operational performance • Portfolio: ~22 000 residential, 420 commercial and 7 500 parking units across 87 locations • Strategic Portfolio: 15 largest building units represent 11–23 % of the Strategic Portfolio • Special features: Limited exposure to condominiums, listed buildings, leaseholds and rent-controlled units Comments 20 Strategic 2026 Jun 30, 2026 Jun 30, 2025 Jun 30, 2024 in € thousands 45 181 58 528 58 812 70 730 Target rental income from letting of investment properties -2 873 -4 801 -5 461 -7 536 Lost income due to vacancies 6.4 % 8.2 % 9.3 % 10.7 % Vacancy rate on rent 42 308 53 727 53 351 63 194 Actual rent -298 -561 -1 772 -1 715 Lost income due to collection risks 0.7 % 1.1 % 3.3 % 2.7 % In % of actual rent 42 010 53 166 51 579 61 479 Rental income after lost income due to collection losses 6.44 6.74 6.58 6.40 In-place rent per sqm (residential units) 7.54 7.76 7.36 7.38 Market rent per sqm (residential units) 11.0 % 11.5 % 11.2 % Fluctuation in % 63.2 51.6 53.3 HY 2024 HY 2025 HY 2026 7.8 % 6.5 % 5.0 % ~5.1 % p.a. 1 Like-for-like HY 2025 – HY 2026 Vacancy on units (1) HY 2025 to HY 2026 as of effective dates .
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21 Strategic Portfolio Non-strategic Portfolio (1) Excluding publicly subsidized residential units and small-scale rentals; average rent is weighted with residential floor space. Figures in € / sqm 1 Figures in € / sqm 1 Rental potential residential units Actual and market rents are increasing in parallel 6.55 6.66 6.66 7.51 7.52 7.54 Ø in-place rent Jun 30, 2025 Ø in-place rent Dec 31, 2025 Ø in-place rent Jun 30, 2026 Ø market rent for new lettings New lettings in HY2026 Ø market rent Jun 30, 2026 13 % potential 6.49 6.70 6.61 7.25 7.30 7.62 Ø in-place rent Jun 30, 2025 Ø in-place rent Dec 31, 2025 Ø in-place rent Jun 30, 2026 Ø market rent for new lettings New lettings in HY2026 Ø market rent Jun 30, 2026 15 % potential • In-place rents in the strategic portfolio continue to increase • New lettings demonstrate strong rental growth potential • 13 % embedded rental upside provides further value creation potential • Portfolio focus on core locations strengthens long-term earnings quality Comments
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1 899 2 043 1 441 1 416 993 6.90 % 7.40 % 6.60 % 6.5 % 6.2 % 4,50% 5,50% 6,50% 7,50% 8,50% 9,50% 10,50% 11,50% 12,50% 13,50% 14,50% 15,50% 16,50% 17,50% 18,50% 19,50% 2022 2023 2024 HY 2025 HY 2026 Total vacancy In letting process Ready for refurbishment & modernization 22 Major vacancy milestone achieved On track for target of vacancy levels below 3 % in strategic portfolio Development of vacant residential units and vacancy ratio per 30.06. Strategic Non-strategic Total vacancy 531 -289 -242 462 -330 Figures in units Figures in units # of units Vacancy 3.3 % Vacancy 12.5 % Main impact from portfolio sale 2024 Nearly 30 % vacancy reduction in strategic portfolio In letting process Ready for refurbishment & modernization -132 Vacancy based on rent
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Other operating expenses Other operating expenses in €m Development of other operating expenses Consistent progress towards our strategic goals Jun 30, 2026 Jun 30, 2025 Jun 30, 2024 in € thousands -2 211 -1 484 -2 315 Fees and legal expenses -1 045 -793 -1 008 IT expenses -205 -768 -422 Capital taxes, input tax deductions and other taxes -210 -282 -298 Vehicle costs -558 -214 -160 Accounting costs and scanning services -244 -1 369 -1 248 Bad debt losses on ancillary cost billings -1 286 -1 006 -927 Other operating expenses -5 759 -5 920 -6 382 Total other operating expenses • Other operating expenses decreased by EUR 161 thousand (2.7 %) to EUR 5 759 thousand • As actual rental income increased, expenses as a percentage of rental income declined from 11.3 % to 10.6 % • The decrease was mainly driven by EUR 1 126 thousand lower bad debt expenses related to ancillary cost billings • This was partly offset by EUR 924 thousand higher consulting costs from special projects and EUR 198 thousand higher IT expenses Comments 23 6.38 5.92 5.76 HY 2024 HY 2025 HY 2026
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11.56 12.19 11.03 like-for-like FY 2024 HY 2025 HY 2026 24 Development of expenses from letting of investment properties Underlying rental performanceremains positive despiteportfoliodisposals Repair & Maintenance in € per sqm p.a. HY 2026 Strategic Jun 30, 2026 Jun 30, 2025 Jun 30, 2024 in € thousands -6 312 -8 954 -11 075 -12 089 Expenses from letting of investment properties -5 018 -7 107 -8 728 -9 698 – of which ongoing maintenance expenses -1 293 -1 847 -2 347 -2 391 – of which direct administrative expenses -1 692 -2 759 -3 890 -3 104 Expenses from unoccupied investment properties (vacancies) - 8 004 -11 713 -14 965 -15 193 Total expenses from letting of investment properties Expenses from letting of investment properties Comments • Total expenses from letting significantly reduced • Disposals had only a limited impact in H1, with the full effect expected in H2 • Lower expenses supported by portfolio disposals and ongoing cost discipline • On track to achieve the 2028 Repair & Maintenance reduction target; Repair & Maintenance expenses reduced by 10 % • Continued focus on cost efficiency and disciplined maintenance spending
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Jun 30, 2026 Jun 30, 2025 Jun 30, 2024 in € thousands -6 780 -7 875 -8 068 Salaries -1 185 -1 324 -1 248 Social insurance cost -6-49 -49 Employee benefits – defined benefit plan 0-62 -92 Employee benefits – defined contribution plan -41 -295 -182 Share-based compensation -488 -235 -384 Other personnel expenses 556 763 1 019 Capitalized own services -7 944 -9 077 -9 004 Total personnel expenses 1 400 1 283 0 Income from management services -6 544 -9 077 -9 004 Net personnel expenses 222 218 238 Headcount as of December 31 Total personnel expenses Personnel expenses in €m Development of Personnel Expenses Overall restructuring decreases expenses Comments 25 • Personnel expenses: Down 12.5 % to EUR 7.9m, despite headcount rising to 222 • Key drivers: Lower costs from restructuring and share-based compensation • Capitalized own services: Decreased to EUR 0.6m from EUR 0.8m due to lower internal service volumes HY 2024 HY 2025 HY 2026 7.9 9.1 9.0
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29.9 23.8 HY 2026 Adj. EBITDA (€m) 26 Operational KPIs in HY 2026 HY 2025 6.81 Target rental income Strategic per sqm HY 2026 HY 2025 6.99 +28.3 % Vacancy Strategic (residential units) HY 2025 HY 2026 4.9 % 3.3 % -1.6 pp 6.68 6.51 Actual rental income Strategic per sqm 1 HY 2025 HY 2026 +2.6 % +2.7 % (1) Based on rent roll, excluding publicly subsidized residential units and small-scale rentals. HY 2025 HY 2026 -1.6 % Number of residential units Strategic 16 479 16 220 42.3 40.9 Actual rental income Strategic (€m) HY 2025 HY 2026 +3.4 % Target rental income Strategic (€m) HY 2026 HY 2025 44.8 +1.2 % 44.2 56.1 % 48.1 % 2026 Adj. EBITDA margin 2025 + 8 pp
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Agenda 27 1. Value Creation and Performance Drivers 2. Overview of Peach Performance in HY 2026 • Peach at a Glance • Operational • Financial Performance • Update on ESG • Overview of Financial Statement • Appendix
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19.1 39.8 39.4 13.2 2023 2024 2025 HY 2026 28 T argeted CAPEX supports continued rental growth Lower investmentlevels reflect the successful executionof key measures, while targeted CAPEX continues to support vacancy reductionand rental growth € 10.8/sqm € 22.7/sqm € 27.7/sqm € 10.6/sqm • € 13.2m (o/w approx. 64 % TI and 36 % ordinary Capex) spent in HY 2026 €m 8.5 4.7 CAPEX Measures Tenant Improvements CAPEX HY 2026 Figures in €m
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20.8x 19.7x 19.3x 18.1x 17.7x 18.4x 17.0x 18.2x 17.2x 16.5x 16.2x 16.2x 16.3x 15.5x HY 2023 FY 2023 HY 2024 FY 2024 HY 2025 FY 2025 HY 2026 Rent multiple (actual) Rent multiple (target) Key valuation indicators 1Valuation result HY 2026 (1) Market values of German investments properties determined by CBRE (D) and Wüest Partner AG (CH), excluding right-of-use assets. (2) Multiple based on annualized actual rent as of June 30, 2026. Jun 30, 2026 Dec 31, 2025 Dec 31, 2024 € 1 810m € 1 934m € 1 899m Total fair market value 6.5 % 6.1 % 6.1 % Rental yield based on target rent 15.5x 16.3x 16.2x Multiple based on target rent 5.9 % 5.6 % 5.6 % Rental yield based on actual rent 17.0x 18.4x 18.1x Multiple based on actual rent € 1 405 € 1 371 € 1 325 Value per sqm Portfolio valuation stabilized and confirmed Sustainable valuationlevel has been reached, corrections are completed Multiple on target and actual rent 29 Dec 31, 2024 Dec 31, 2025 Jun 30, 2026 Investment properties and right-of-use assets divested in following years Right-of-use assets Investment properties 1 899 1 934 1 810 20 21 19 in €m
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Debt structure as of June 2026 Stable debt profile with a derisked maturity structure Fixed rate Ø interest rate Amount €m 90 % *4.15 % 854 100 % Secured *incl. hedges (1) based on nominal amounts per reporting date. (2 ) Multiple based on YE 2024 numbers plus debt of portfolio transaction. ICR WACD Unencumbered assets: € 75m As of June 30, 2026 1.55x 1.62x 1.54x 1.66x 1.44x 2022 2023 2024 2025 HY 2026 2.71 % 2.86 % 2.93 % 3.89 % 4.15 % 2022 2023 2024 2025 HY 2026 Loan-to-value (net) 54.7 % 57.5 % 50.0 % 49.2 % 45.2 % 2022 2023 2024 2025 HY 2026 Debt / EBITDA Multiple 2 24.8x 21.5x 20.7x 20.2x 15.5x 2022 2023 2024 2025 HY 2026 Maturity profile 1 30 € 388m financing includes an extension option 0 0 374 36 83 34 164 10 0 0 75 4 24 2 18 30 0 0 449 40 108 37 182 39 - 50 100 150 200 250 300 350 400 450 500 2026 2027 2028 2029 2030 2031 2032 > 2033 €m secured strategic secured non-strategic
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(1) Total debt and WACD excluding the unsecured bridge loan (EUR 40m) and the hybrid bond. 1022 -6 854 -58 -54 -50 31.12.2025 Amortization Secured Disposals Convertible Repayment Financing Switzerland 30.06.2026 - 100 200 300 400 500 600 700 800 900 1.000 1.100 701 124 30 703 187 54 79 Further deleveraging ongoing, supported by asset disposals RemainingEUR 124m of secured loans on non-strategics will be repaid by 2028 31 Changes in debt profile in €m in €m 1 022 Total debt per 31.12.2025 Repayments 6Amortization Secured 58 Disposals 54 Convertible Repayment 50 Financing Switzerland 854 Total debt per 30.06.2026 1 4.15 % New WACD 1 Only EUR 155m secured loans not refinanced at market level yet, thereof EUR 40m non-strategics 3.89 % 4.15 % Secured loans Unsecured loans Loans on development project weighted average cost of debt Secured loans non-strategic 1 022 854
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32 Changes in accounting policies at HY 2026 Adjustments to FFO and NT A calculation (1) Includes hybrid instruments including accrued interest, translated at the closing rate as of the r eporting date. Prior year figures have been restated accordingly. Jun 30, 2026 Jun 30, 2025 in € thousands 28 945 -20 187 EBITDA - 4 607 2 513 Net result from valuation 5 458 527 Result from disposals and divestitures 41 295 Personnel-related expenses not impacting liquidity 15 282 One-off effect from business model optimization and restructuring 29 852 23 805 Adjusted EBITDA -19 558 -14 530 Interest expenses 18 403 Interest income impacting liquidity 152 269 Financial income from dividends from shares in real estate companies -427 -430 Lease payments -1 152 -120 Current tax expenses 8 884 9 397 FFO 0.16 0.20 FFO per share in € FFO NTA Jun 30, 2026 Dec 31, 2025 in € thousands 895 950 896 206 Equity attributable to PPG equity holders -62 991 – 60 040 Hybrid instruments 1 832 959 836 166 Diluted NAV 60.9 % 39.0 % Equity ratio IFRS 55 583 613 55 534 334 Number of shares 19.39 19.37 EPRA NRV per share in € 18.69 18.50 EPRA NTA per share in € • Prior-year FFO adjusted following a change in the FFO definition • Main prior-year impact: interest adjustment (€ 1.6m), tax adjustment (€ 0.3m) and indirect selling costs (€ 0.7m) • Valuation result excluded: € 4.6m (prior year: € –2.5m) • Disposal results adjusted: € –3.1m from investment property disposals and € 0.3m from real estate company disposals • One-off effects excluded: business model optimization, restructuringand process improvement costs • Hybrid instruments reflected at current FX rates, including accrued interest • Sales costs of non-strategic assets not added back to NAV, reflecting expected disposals • Updated put option valuation reflected in NTA per share • Calculation aligned with EPRA methodology and market practice
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YE 2025 YE 2025 YE 2025 Debt volume in €m WACD EPRA NTA (€/share) Loan-to-value 1 022 YE 2025 -1.3% HY 2026 YE 2025 HY 2026 HY 2026 52.2 % 45.2 % 33 944 HY 2026 Financial KPIs in HY 2026 FFO (€m) HY 2025 HY 2026 6.7 8.9 Multiple on target rent HY 2026 16.3x 15.5x Portfolio market value in €m 1 YE 2025 HY 2026 0.15€/ share HY 2025 Debt/EBITDA multiple HY 2026 21.6x 16.0x 0.16€/share -16.4 % +32.8 % (1) NAV market value of real estate portfolio incl. right-use-of-.assets and assets held for sale based on the independent appraisal of Wüest Partner AG/CBRE AG. -6.6% -2.1 % -7pp 18.50 18.11 3.9 % 4.2 % -0.8x +7.7 % 1 810 1 937 -5.6x
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Agenda 34 1. Value Creation and Performance Drivers 2. Overview of Peach Performance in HY 2026 • Peach at a Glance • Operational • Financial Performance • Update on ESG • Overview of Financial Statement • Appendix
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35 Continuous and transparent ESG reporting Affordable and sustainable living spaces • ESG Factsheet in accordance with the Global Reporting Initiative (GRI) standards • Published in July 2026; available on https://www.peachproperty.com/en/news- en/sustainability-reports/ Release of Factsheet 2025: July 2026
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36 Peach earned CDP B-rating the highest rating category in CDP SME score in 2025
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37 ESG Performance Highlights Key environmental and social performanceindicators demonstratingcontinuous progress. • Our ESG performance improved across all key indicators in 2024 • Greenhouse gas intensity and building energy intensity both decreased, reflecting greater operational efficiency • At the same time, our workforce grew to 225 employees while achieving an equal gender balance, with women representing 50 % of the Group
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38 Portfolio Energy Performance • 21 kWh/m² portfolio average energy intensity • Limited comparability with 2023 due to the transition to AI-based data processing • Improved data quality establishes a stronger basis for future ESG reporting Comments
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39 “One-touch” rate 91.4 % 90.1 % 91.3 % 91.2 % 87.0 % 2021 2022 2023 2024 2025 Tenant satisfaction 70.0 % 78.0 % 76.0 % 71.0 % 70.4 % 2021 2022 2023 2024 2025 At a consistently high level Time to resolve queries directly by Peach Points 19.4 h Tenant tickets received 121 928 Tenant inquiries Tenant tickets solved 182 752 98.4 % Time to resolve queries with involvement of our external service partners 69.8 h Peach Points Incl. externals T enant satisfaction Decentralorganizationstill achieves high satisfaction levels
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Agenda 40 1. Value Creation and Performance Drivers 2. Overview of Peach Performance in HY 2026 • Peach at a Glance • Operational • Financial Performance • Update on ESG • Overview of Financial Statement • Appendix
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Consolidated statement of income (I/II) Jun 30, 2026 Jun 30, 2025 Figures in € thousands 53 166 51 579 Rental income 13 282 64 108 Valuation gains from investment properties 2 675 0 Profit on disposal of investment properties 31 241 18 396 Income from development properties 1 764 1 423 Other operating income 102 128 135 506 Operating income -11 713 -14 965 ./. Expenses from letting of investment properties -8 675 -66 621 ./. Valuation losses from investment properties -5 765 0 ./. Loss on disposal of investment properties -31 241 -18 335 ./. Expenses from development properties 00 ./. Impairment charge on development properties -7 944 -9 077 ./. Personnel expenses -1 682 -502 ./. Sales and marketing expenses -5 759 -5 920 ./. Other operating expenses 283 101 ./. Loss on divestiture of real estate companies -614 -684 ./. Depreciation and amortization -73 110 -116 003 Operating expenses 29 018 19 503 EBIT 1 3 Income and expenses for development project Peninsula. The net sales result of € -3.1m in HY 2026 already reflects a provision for the remaining onerous contract, with an expected loss of € 5.7m related to the signing of an asset deal covering ~2 000 units by year-end 2025. 1 3 Comments 41 2 Decrease of target rent but less lost income due to vacancy result in an increased rental income. 2 2 3
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Consolidated statement of income (II/II) Jun 30, 2026 Jun 30, 2025 Figures in € thousands 29 018 19 503 EBIT 3 524 2 993 Financial income -29 677 -24 295 ./. Financial expenses 2 865 -1 799 EBT -6 433 -7 653 ./. Income taxes -3 568 -9 452 Results after taxes -3 621 -9 585 attributable to Peach Property Group AG equity holders 53 133 attributable to non-controlling interests -0.11 -0.26 Basic earnings per share for loss in € -0.11 -0.26 Diluted earnings per share for loss in € 1 In the first half of 2026, the Group generated a result before taxes of EUR 2 865 thousand. This was offset by a total income tax expense of EUR 6 433 thousand, comprising a current tax expense of EUR 1 393 thousand and a deferred tax expense of EUR 5 040 thousand. 1 Comments 42 Increase in interest expenses results from a higher average interest rate for overall financing due to refinancing of secured loans in 2025 as well as bridge financing in April 2026. 22
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43 Consolidated statement of financial position Jun 30, 2026 Jun 30, 2025 Figures in € thousands 18 080 9 728 Cash & cash equivalents 9 387 8 922 Trade receivables 22 527 20 250 Other receivables 44 578 1 381 Current financial receivables 00Restricted financial assets 39 681 50 750 Contract assets 4 605 30 806 Development properties 68 645 14 360 Assets held for sale 207 503 136 197 Total current assets 1 737 684 1 922 296 Investment properties 067 Advance payments for investment properties 3 465 4 135 Equipment 878 905 Intangible assets 15 762 20 627 Financial assets 12 13 Investment in associates 10 040 13 195 Deferred tax assets 1 767 841 1 961 238 Total non-current assets 1 975 344 2 097 435 Total assets Current financial receivables include restricted bank accounts pledged. 2 Comments 1 1 2 Peninsula development project – reflects units under construction. 2
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FFO Adjusted EBITDA FFO per HY 2026 in € thousands / in € per share in € thousands 9 397 8 884 0.35 0.16 0 0,2 0,4 0,6 0,8 1 0 2000 4000 6000 8000 10000 HY 2025 HY 2026 Jun 30, 2026 Jun 30, 2025 in € thousands 29 632 -20 187 EBITDA 29 852 23 805 Adjusted EBITDA -19 558 -14 530 Interest expenses 18 403 Interest income impacting liquidity 152 269 Financial income from dividends from shares in real estate companies -428 -430 Lease payments -1 152 -120 Current tax expenses 8 884 9 397 FFO 0.16 0.20 FFO per share in € 23 805 29 852 0 0,2 0,4 0,6 0,8 1 0 5000 10000 15000 20000 25000 30000 35000 HY 2025 HY 2026 44 Increase of adjusted EBITDA despite asset disposals due to improvement of operational performance. 1 Comments Increase in interest expenses results from a higher average interest rate for overall financing due to refinancing of secured loans in 2025 as well as bridge financing in April 2026. 2 1 2
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ICR & LTV per HY 2026 Calculation Loan-to-value ratio Calculation Interest coverage ratio 1.54 1.66 1.44 2024 2025 HY 2026 50.0 % 49.2 % 45.2 % Dec 31, 2024 Dec 31, 2025 Jun 30, 2026 Jun 30, 2026 Dec 31, 2025 Dec 31, 2024 in € thousands 29 018 -3 669 -124 125 Operating result -4 607 -478 81 226 Valuation result and depreciation 4 771 50 331 101 311 Result of disposals/divestitures 41 1 320 1 487 Non-cash expenses 15 3 051 2 310 One-off and extraordinary expenses 29 852 50 555 62 209 Adjusted operating result 20 667 30 508 40 377 Net interest expenses 1.44 1.66 1.54 ICR Jun 30, 2026 Dec 31, 2025 Dec 31, 2024 in € thousands 1 831 012 1 975 815 1 918 487 Investment properties excl. right-of-use assets 00 69 Advance payments of investment properties 022 975 33 740 Development properties 1 831 695 1 998 790 1 932 313 Real estate portfolio 850 576 965 560 797 352 Secured financing 40 000 54 199 407 739 Non-secured financing -18 080 -36 150 -220 779 Cash -44 578 -361 -3 775 Current financial receivables 827 918 983 248 576 189 Net financing 45.2 % 49.2 % 50.0 % LTV 45.2 % 46.5 % 29.3 % Secured LTV Interest coverage ratio Loan-to-value ratio 45
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46 Equity, share & key figures Equity ratio (IFRS) EPRA NTA per share Jun 30, 2026 Dec 31, 2025 in € thousands 895 905 915 410 IFRS equity 39 758 39 758 thereof hybrid capital 19 258 19 205 thereof non-controlling interest 45.4 % 43.8 % Equity ratio IFRS 55 632 358 55 534 334 Number of shares 19.11 19.37 EPRA NRV per share in € 18.49 18.50 EPRA NTA per share in € Jun 30, 2026 Dec 31, 2025 898 999 915 410 895 905 39.68 % 43.80 % 45.35 % Dec 31, 2024 20.01 18.50 18.49 Dec 31, 2024 Dec 31, 2025 Jun 30, 2026 • Equity remained broadly stable, with no material changescompared to the previous reporting period Comments in € thousands in €
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Appendix
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Board of Directors Our Management 48 25 <1 Gerald Klinck Chief Executive Officer, CFO responsibilities Michael Zahn Chairman of the Board Urs Meister Member of the Board Alexander Hesse Member of the Board Beat Frischknecht Member of the Board Years of Experience # Executive Management 25+ Stefanie Koch Chief Operating Officer 25+ 25+ 25+ 25+ Cyrill Schneuwly Member of the Board 25+ 15+
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49 Share data Significant shareholders as of Jun 30, 2026 Security no.: 11 853 036 ISIN: CH0118530366 Ticker symbol: PEAN | Bloomberg: PEAN:SW | Reuters: PEAN Jun 30, 2026 Dec 31, 2025 6.72 8.58 High in CHF 4.21 5.43 Low in CHF 4.29 6.29 Closing rate in CHF 238 662 816 349 314 200 Market capitalization (excluding treasury shares) in CHF ~ 43 368 ~ 40 000 Average shares traded per day at SIX Swiss Exchange Key stock exchange data Jun 30, 2026 Dec 31, 2025 55 632 358 55 535 334 Share capital in CHF 55 632 358 55 535 334 Number of shares issued 1.00 1.00 Nominal value per share in CHF 501 501 Number of treasury shares 55 632 859 55 534 833 Number of outstanding shares Information on the share 30.03 % 19.67 % 8.90 % 3.02 % 38.38 % Ares Management Corporation, through: Peak Investme nt S.à.r.l. Rainer- Marc Frey, through: H21 Macro Limited Beat Frischknecht, Switzerland UBS Fund Management AG, Switzerland Other (1) Based on the published disclosure notifications of significant shareholders ( https://www.ser- ag.com/en/resources/notifications-market-participants/significant- shareholders.html?issuedBy=PEACHP#/ ).
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• No clear sales strategy implemented and significant portion of the portfolio marketed for sale • High vacancy of more than 10 % • Low capex spending in previous years of EUR 10 per sqm p.a. • Development project Peninsula with execution risk • No portfolio strategy in place • High LTV of almost 60 % (YE2023) • >EUR 350m secured short-term debt • >EUR 400m unsecured short-term debt • Cancelled liquidity facility of EUR 30m • Debt on development project Peninsula of around EUR 100m without relevant NOI contribution • High discount to NTA • Poor Fitch‘s credit rating at CCC+ • Aggressive valuation with 19.7x multiple (YE2023) • Major upcoming refinancings • Operational inefficiencies • No trust in Peach from domestic debt and capital markets • Unstable governance and management team Initial Situation 2025 2025 2024 2024 50 Portfolio and Operations Capital markets and valuation Financials Key challenges
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•Significant spending on Tenant Improvements creating top-line growth •L-f-l rent growth of 3.8 % p.a. in two years •Vacancy down to 5.2 %, strategic portfolio 3.8 % •Development project Peninsula will be handed over to the owners at year end of the year •LOI for sale of last yielding properties in Zurich signed •Sale of >2 000 units; deleveraging of EUR 65m plus > EUR 40m cash •Sale of >5 000 units; deleveraging of EUR 185m plus EUR 120m cash •Lower LTV of 49 % •New secured loan facility with 5y maturity of EUR 410m •Repayment of unsecured debt of EUR 370m •Signed Capex facility of EUR 30m •Extension of secured facilities with 5/7y maturities of EUR 220m •New secured facility with 5y maturity of EUR 120m in domestic debt market •Recovered Moody‘s credit rating at B •Valuation confirmed by CBRE with 16.3x multiple •Despite sales; FFO EUR 17.7m almost at same level than last year •Regained trust in domestic debt markets •Resolved refinancing situation •Stable and professional board of directors and management team •Centralised key operational processes in Berlin •Release of Peach Points in Helmstedt, Heidenheim and Kaiserslautern Current Situation 2026 2026 2025 2025 51 Portfolio and Operations Capital markets and valuation Financials Key challenges
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Capital market development 52 2021 Credit ratings (Corporate Rating) Buy PT CHF 8.40 07.10.2025 Buy PT CHF 8.70 01.09.2025 Buy PT CHF 7.60 20.04.2026 Source: Company website, Company reports, Factset as of September 10, 2026 Secured financing of € 120m; € 85m free liquidity to partial refinance bond Jun 2025 Ordinary capital increase of € 52m by issuing 10m n ew registered shares Jul 2025 Recent capital market transactions Equity analyst coverage 2023 Ba3 Ba2 BB BB 2024 B3 B- HY 2025 CCC+ «Stable» Tender offer on 4.375 % senior notes due November 2 025 successful of an amount of € 127.1 million Jan 2025 B3 «Positive» Secured financing of € 410m; € 100m free liquidity to partial refinance bond Aug 2025 Sale of around 2,000 units from non-strategic portf olio Dec 2025 Tender offer for convertible bond maturing in May 2 026 successfully completed Mar 2026 Early partial repayment of approx. €73m of bond Sep 2025 Extension of €203m financing secured Sep 2025 Successful completion of eurobond repayment Nov 2025 2025 B2 B Index price performance HY 2026 B General Meeting resolves to increase conditional capital and approves all other proposals Jun 2026 Full repayment of convertible bond and majority closingof asset deal May 2026
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Our portfolio strategy Focus on strategic assets to create EBITDA growth 53 Defining the Non-Strategic bucket… Selection Criteria • Small assets (<75 residential units) • Distance to next Peach Point (>40 km) • High vacancy • Low rental upside • Capex backlog • Privatization potential (declaration of division) …to focus on EBITDA improvement of strategic portfolio through… German Portfolio Non-strategic Strategic • Rent increases • Vacancy reduction • Increasing efficiency in property management • ESG measurements to increase energy efficiency and rent levels • Preparation for opportunistic sales and acquisitions in these areas © GeoNames, Microsoft, TomTom Unterstützt von Bing Condominiums & detached houses Small & scattered locations Low performer in core regions 1 2 3 Portfolio Management & Controlling Letting & Sales AM, PM & Technic Notarized 4
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54 Total portfolio market value € 1 956m Development properties € 35m (2 %) Investment properties € 26m (1 %) Investment properties € 1 810 (97 %) Market values determined by Wüest Partner AG as of Jun 30, 2024, excluding right-of-use assets Maps: © Vempas.com Portfolio structure as of Jun 30, 2026
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Residential 92.7 % Commercial 4.1 % Parking & other 3.2 % Residential Commercial Parking & other In % of total rental income before collection loss 78.4 % 1.9 % 14.0 % 4.2 % 1.5 % North Rhine-Westphalia Rhineland-Palatinate Lower Saxony Bremen Other locations 55 Rental income by use category as of Jun 30, 2026 Breakdown of residential units by federal state as of Jun 30, 2026 In % of total units Previous year 4.1 % Previous year 3.3 % Previous year 92.6 % 83.6 % 4.1 % 4.7 % 4.7 % 16 220 Residential units € 1 524m Market value 3 696 Residential units €267m Market value Strategic portfolio Non-strategic portfolio Portfolio fully focused on residential space 2.9 % Hesse
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56 Affordable German residential properties in carefully selected B-cities Typical properties in Peach’s portfolio
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September 2025 € 203m secured loan extension based on signed term sheet to extend loan by up to 7 years July 2025 CHF 50m / EUR 52m Capital Increase successfully completed March 2025 € 55m SSD Promissory Payback (complete) 57 Milestones 2025 Successful implementation of balance sheet transformation May 2025 AGM Positive voting on new shares June March March 2025 Stefanie Koch appointed to COO of Peach Property Group September August 2025 € 120m payout secured loan (German Bank) ~€ 90m free liquidity to partial refinance bond 27 August 2025 Publication HY Results 31 October 2025 Repayment of outstanding Bond amount ~€ 173m September/October 2025 € 410m payout secured loan (Castlelake) ~€ 80m free liquidity to partial refinance bond December December 2025 Signing of portfolio deal of ~2 000 assets
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58 Peach Points – our regional tenant shops Dortmund Essen Gelsenkirchen Oberhausen Erkrath Marl Minden Witzenhausen Munster / Faßberg North Rhine-Westphalia Rhineland -Palatinate Baden Wurttemberg Lower Saxony Hesse 10 Peach Points at all major Peach locations Central point of contact for rental and administrative matters Cornerstone of direct dialogue with our tenants Within walking distance for 80 % of our tenants Ludwigshafen
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59 Development project in CH «Peninsula Wädenswil» • Sales volume expected CHF 130-140m • Notarized units represent 96.5 % of expected sales volume • All residential and all commercial units had been notarized • Several Parking spaces and storage units are left for sale 57 condominiums in 5 buildings Total sales volume expected CHF 130-140m • Stage of completion: 86.3 % (Dec 31, 2025: 81.5 %). • Construction funded by construction loan and prepayments from buyers of condominiums • Handover of apartments is ongoing; completion expected beginning of 2027 Sales status as of June 30, 2026 Construction status as of June 30, 2026
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60 Peach Property in the German media landscape Proactive dialog with the media
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Gerald Klinck, Chief Executive Officer +41 44 485 50 31 investors@peachproperty.com Investors, Analysts and Media